The Board of Directors of GLM (“Board”) wishes to announce that the Company has today received a letter from its controlling shareholder, GLL (Malaysia) Pte. Ltd. (“GLLM”) notifying the Company of its intention to privatise GLM via a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act, 2016 (“Proposal Letter”) (“Proposed Privatisation”).

The Proposed Privatisation entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM1.10 for each share in GLM held by all shareholders of GLM (other than GLLM) whose names appear in the Record of Depositors of GLM as at the close of business on an entitlement date to be determined and announced later by the Board.

The Board (save for Mr Cheng Hsing Yao and Mr Quek Kon Sean, who are deemed interested in the Proposed Privatisation) will deliberate on the Proposed Privatisation and decide on the next course of action. Accordingly, a further announcement will be made in due course after the Board’s deliberation.

Please refer to the attached Proposal Letter for further details on the Proposed Privatisation.

This announcement is dated 3 February 2026.